Hungary’s FTT will not follow Commission’s model The Hungarian government has announced it will implement a financial transaction levy (FTL) in January 2013, but it seems the model will depart significantly from the European Commission’s (EC) proposals... By Joe Dalton April 26 2012
HMRC will not appeal SDRT ruling UK companies can expect refunds of stamp duty reserve tax (SDRT) paid on the transfer of shares outside the EU for capital raising purposes, after HMRC announced it will not... By Joe Dalton April 26 2012
Why taxpayers should be relieved after Home Concrete’s SC win The US Supreme Court has ruled that the Internal Revenue Service (IRS) cannot use an extended six year statute of limitations period to investigate an overstatement of basis by Home... By Joe Dalton April 25 2012
Why Russia's guidance on controlled transactions is a headache Russia's Ministry of Finance has clarified how taxpayers should calculate the threshold for controlled transactions, but its interpretation leaves companies with a choice of non-compliance or dedicating more resources to... By Joe Dalton April 25 2012
NY Supreme Court case shows US taxpayers ignore whistleblowers at their peril A first-of-its-kind tax case filed by New York’s Attorney General last week is a warning signal to US companies that whistleblowers will make them pay for tax evasion. By Joe Dalton April 24 2012
German taxpayers to get extended grace period on Gelangenbestätigung The German government is likely to extend the grace period for accepting documentation to prove the intra-Community supply of goods from German companies to December 31 2012, according to a... By Joe Dalton April 24 2012
How to prepare for a eurozone breakup Multinationals operating in Europe would be foolish not to consider the treasury and tax implications of a country exiting the single currency, and conduct some impact assessments to help ensure... By Joe Dalton April 22 2012
Bank of New York Mellon begins defence of STARS schemes The Bank of New York Mellon (BNY) is fighting the IRS in the US Tax Court this week, and the ruling could have implications for other US banks including BB&T,... By Joe Dalton April 18 2012
Taxpayers must review trust management after Canadian SC ruling The Canadian Supreme Court’s (SCC) decision in the St Michael Trust Corp (St Michael) case will impact taxpayers with existing trust structures both in Canada and abroad. By Joe Dalton April 17 2012
